To establish a Sociedad Anónima (S.A) in the Dominican Republic, a series of steps must be followed, and certain requirements and procedures must be met. This includes registering and verifying the company name with ONAPI, paying taxes to the DGII, and submitting necessary documents to the Chamber of Commerce and Production.
Various documents are required, such as copies of legal documents, completed forms, and payment receipts.
Public Limited Company (S.A)
A Public Limited Company is a widely used legal form for setting up companies in the Dominican Republic. This type of entity is characterized by having capital divided into shares, with shareholders having limited liability up to the amount of their investment. Shareholders can be either individuals or legal entities.
Steps to Establish a S.A Company (S.A) in the Dominican Republic
- Register and Verify the Company Name with ONAPI: The first step to registering a company in the Dominican Republic is to verify and register the company name with the National Office of Industrial Property (ONAPI). It is necessary to ensure that the chosen name is available and meets the requirements established by current legislation.
- Pay Taxes to the General Directorate of Internal Taxes (DGII): Once the company name has been verified and registered, the corresponding taxes must be paid to the DGII. All tax obligations established by Dominican legislation must be met.
- Submit Requirements to the Chamber of Commerce and Production: This involves submitting the necessary documents requested by the Chamber of Commerce and Production, which includes the application for company formation, registration in the Commercial Registry, and payment of the relevant fees and charges.
- Obtain the Tax Identification Number: After meeting the Chamber of Commerce requirements, the next step is to obtain the company’s tax identification number, which is the same as the National Taxpayer Registry (RNC). This number is essential for fulfilling tax and fiscal obligations in the country.
Requirements to Establish a S.A Company (S.A) in the Dominican Republic
To establish an S.A company in the Dominican Republic, certain requirements and legal procedures must be fulfilled:
- Drafting the Bylaws: The company’s bylaws must be drafted. These are legal documents that establish the rules for the company’s operations.
- Registering a Legal Representative: The legal representative acts on behalf of the company in all legal transactions and procedures.
- Minimum Share Capital: The minimum share capital required to establish a Sociedad Anónima is thirty million Dominican pesos.
Documents Required to Establish a S.A Company (S.A)
When establishing an S.A company in the Dominican Republic, the following documents are required:
- Completed Forms: A series of forms must be completed, providing key information about the company and its shareholders. These forms may include sworn statements, financial information, share structure, personal data, and any other information required by the competent authorities.
- Payment Receipts: Another fundamental requirement is to present payment receipts for the procedures and fees required for the company’s formation. These payments may be related to company registration, verification of the company name, taxes, and other administrative fees.
If you wish to establish an S.A Company, at Contadores Dominicanos we can help you create your company or corporation.
